Chart analysis for STEEM/USDT.

Hello friends, how are you all? hope you are doing well. Today I will share STEEM/USDT chart analysis with you all. Before this, let's analyze BTC.

As I said in my last post BTC might consolidate here to become ready for the next pump. And now we can see BTC actually consolidating here.

BTC touched 69000$ which is the all-time high of BTC. And then It came back to 59k. That is a big gap. And the dump happened within 3 hours. Then immediately it backed to 67k. That dump was actually a correction. Now it's been consolidating here for one day.

Steem is trying to break the 32 cents resistance but it's actually a major resistance, with this market volume that's actually hard to break that.

On 5th March STEEM almost broke that level but after reaching 35 cents the price immediately came back to 25 cents. which actually followed the BTC dump I was talking about on the above.

Steem is truly doing great for the last few days. It will be greater if the market breaks the 32 cents level. Then Steem might go for another resistance level on the top.

Which is most likely on 39 cents. If BTC makes a new high I think Steem can go for that resistance. The market volume of steem is actually high. So, I really hope that it will make another pump within a few days.

Steem is trending at around 0.31 cents when I'm writing this post. If we look at the daily chart It's a sign for a pump. I don't know what should I call that pattern but most of the time I see that if the market makes that type of pattern it gets pumped.

Now if we look at the volume on the daily chart. It looks good, the volume is going higher. I hope the volume strength will remain for a long time.

On the weekly chart, it is hard to clarify the move. But we can say Steem got a big support on the 14-cent zone. And also I think Steem is now on an uptrend. We can draw a trendline. Sooner or later It might go for a big pump.

At last, I'm not a professional trader. But I share which I take for trade and I do think it will go for dump/pump whatever. my predictions can be wrong as well. So, I don't think someone to take a trade with just based on my prediction. Each of every trade should happen on your analysis. You can get ideas but not exactly based on anyone's prediction.